Based on the results, 88% of the units voted at the special meeting
voted in favor of adoption of the Merger Agreement. The votes in favor
of the Merger Agreement constituted more than a majority of ETP’s units
outstanding as of the record date for the special meeting, and, as a
result, the Merger Agreement was approved and adopted by the ETP
unitholders. The merger is expected to close on April 28, 2017. The
combined company will be named Energy Transfer Partners, L.P. and its
common units are expected to begin trading on the New York Stock
Exchange under the “ETP” ticker symbol on Monday, May 1, 2017.

ETE management has advised ETP that ETE confirms its intention to
continue to support the growth of the combined company in a manner
consistent with ETE’s prior support transactions, thereby continuing the
alignment of the interests of ETE and the combined company. This support
from ETE may include additional incentive distribution subsidies or
other actions that have the effect of reducing the cost of capital for
the equity of the combined company. This support may also include the
purchase of equity of the combined company by ETE to help fund growth
capital projects of the combined company.

Sunoco Logistics Partners L.P. (NYSE: SXL) is a master limited
partnership that owns and operates a logistics business consisting of a
geographically diverse portfolio of complementary pipeline,
terminalling, and acquisition and marketing assets which are used to
facilitate the purchase and sale of crude oil, natural gas liquids, and
refined products. SXL’s general partner is a consolidated subsidiary of
Energy Transfer Partners, L.P. (NYSE: ETP). For more information, visit
the Sunoco Logistics Partners L.P. website at www.sunocologistics.com.

Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States. ETP’s
subsidiaries include Panhandle Eastern Pipe Line Company, LP (the
successor of Southern Union Company) and Lone Star NGL LLC, which owns
and operates natural gas liquids storage, fractionation and
transportation assets. In total, ETP currently owns and operates more
than 62,500 miles of natural gas and natural gas liquids pipelines. ETP
also owns the general partner, 100% of the incentive distribution
rights, and approximately 67.1 million common units in Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically diverse
portfolio of crude oil and refined products pipelines, terminalling and
crude oil acquisition and marketing assets. ETP’s general partner is
owned by Energy Transfer Equity, L.P. For more information, visit the
Energy Transfer Partners, L.P. website atwww.energytransfer.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes “forward-looking” statements.
Forward-looking statements are identified as any statement that does not
relate strictly to historical or current facts. Statements using words
such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,”
“continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions
help identify forward-looking statements. SXL and ETP cannot give any
assurance that expectations and projections about future events will
prove to be correct. Forward-looking statements are subject to a variety
of risks, uncertainties and assumptions. These risks and uncertainties
include the risks that the proposed transaction may not be consummated
or the benefits contemplated therefrom may not be realized. Additional
risks include: the ability to obtain requisite regulatory and unitholder
approval and the satisfaction of the other conditions to the
consummation of the proposed transaction, the ability of SXL to
successfully integrate ETP’s operations and employees and realize
anticipated synergies and cost savings, the potential impact of the
announcement or consummation of the proposed transaction on
relationships, including with employees, suppliers, customers,
competitors and credit rating agencies, the ability to achieve revenue,
DCF and EBITDA growth, and volatility in the price of oil, natural gas,
and natural gas liquids. Actual results and outcomes may differ
materially from those expressed in such forward-looking statements.
These and other risks and uncertainties are discussed in more detail in
filings made by SXL and ETP with the Securities and Exchange Commission
(the “SEC”), which are available to the public. SXL and ETP undertake no
obligation to update publicly or to revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Additional Information and Where to Find It

SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND
THE REGISTRATION STATEMENT REGARDING THE TRANSACTION CAREFULLY. These
documents, and any other documents filed by SXL or ETP with the SEC, may
be obtained free of charge at the SEC’s website, at www.sec.gov.
In addition, investors and security holders can obtain free copies of
the registration statement and the proxy statement/prospectus by phone,
e-mail or written request by contacting the investor relations
department of SXL or ETP at the following:

Sunoco Logistics Partners L.P.

3807 West Chester Pike

Newtown Square, PA 19073

Attention: Investor Relations

Phone: (866) 248-4344

Energy Transfer Partners, L.P.

8111 Westchester Drive, Suite 600

Dallas, TX 75225

Attention: Investor Relations

Phone: 214-981-0795

Participants in the Solicitation

SXL, ETP and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies in connection
with the proposed merger. Information regarding the directors and
executive officers of SXL is contained in SXL’s Form 10-K for the year
ended December 31, 2016, which was filed with the SEC on February 24,
2017. Information regarding the directors and executive officers of ETP
is contained in ETP’s Form 10-K for the year ended December 31, 2016,
which was filed with the SEC on February 24, 2017. Additional
information regarding the interests of participants in the solicitation
of proxies in connection with the proposed merger is included in the
proxy statement/prospectus.